All Forum Posts by: Luke Greidanus

I live in California and am looking to buy my first quad. It is priced at about $500,000 and I cannot get a loan from a bank based on my current income. The property currently rents at about $950 per unit and has room for sweat equity. I am looking to get something as an FHA loan and live in one of the units for at least a year, fix them up, and move out to rent all four units. Does anyone have any guidance for creative financing for a chance to get this deal done.